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Re: JoeSmith post# 52051

Friday, 02/15/2008 6:59:36 PM

Friday, February 15, 2008 6:59:36 PM

Post# of 107353
Joe - you're right - the J.T.Angel should be there on the east coast of India at least until Feb 2009 (based on the date of this PR)

http://findarticles.com/p/articles/mi_m0EIN/is_2006_Feb_6/ai_n16047030

"Transocean Inc. Awarded 15-Rig-Year, Estimated $805 Million Jackup Rig Program in India
Business Wire, Feb 6, 2006

HOUSTON -- Transocean Inc. (NYSE:RIG) today announced that Oil and Natural Gas Corporation Ltd. (ONGC) of India has awarded contracts for five of the company's jackup rigs totaling 15 rig years and an estimated $805 million in revenues that could be generated over the primary terms of the contract.

The five jackup rigs, Ron Tappmeyer, Randolph Yost, Trident II, Trident XII and J.T. Angel, have each been awarded three-year contracts with revenues of approximately $161 million per unit possible over the period, excluding revenues for mobilization, demobilization, contract preparation, client reimbursables and integrated services. Each rig is expected to commence the new three-year contract in direct continuation of existing contracts and, with respect to the Trident II and J.T. Angel, following planned shipyard programs."


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